Kestra Private Wealth Services LLC Lowers Holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Kestra Private Wealth Services LLC lowered its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 17.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,483 shares of the company’s stock after selling 7,515 shares during the period. Kestra Private Wealth Services LLC owned approximately 0.09% of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF worth $1,508,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC grew its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 57,296.0% during the third quarter. International Assets Investment Management LLC now owns 6,800,284 shares of the company’s stock worth $285,340,000 after purchasing an additional 6,788,436 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 26.6% in the 3rd quarter. LPL Financial LLC now owns 3,181,209 shares of the company’s stock valued at $133,484,000 after buying an additional 668,100 shares during the period. KMG Fiduciary Partners LLC boosted its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 3.6% during the fourth quarter. KMG Fiduciary Partners LLC now owns 316,515 shares of the company’s stock worth $13,082,000 after buying an additional 11,109 shares in the last quarter. Raymond James & Associates boosted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 28.1% during the 3rd quarter. Raymond James & Associates now owns 280,616 shares of the company’s stock worth $11,775,000 after acquiring an additional 61,485 shares in the last quarter. Finally, Concurrent Investment Advisors LLC raised its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.1% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 208,021 shares of the company’s stock worth $8,729,000 after buying an additional 8,112 shares during the last quarter.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Down 0.1 %

HYLS stock opened at $41.55 on Thursday. The stock’s 50 day moving average price is $41.57 and its 200 day moving average price is $41.62. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1 year low of $40.12 and a 1 year high of $42.55.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were paid a dividend of $0.215 per share. The ex-dividend date of this dividend was Wednesday, January 22nd. This is a boost from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.21. This represents a $2.58 annualized dividend and a dividend yield of 6.21%.

About First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

The First Trust Tactical High Yield ETF (HYLS) is an exchange-traded fund that is based on the ICE BoFA US High Yield Constrained index. The fund is an actively managed fund holding up to 130% in long positions in high yield bonds it expects to outperform, and up to 30% short positions in issues it expects to underperform.